Registered number |
09511803 |
COFFEYHOUSE MEDIA LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
COFFEYHOUSE MEDIA LTD | |||
CONTENTS | |||
Page | |||
Balance sheet | 1 | ||
Notes to the financial statements | 2 - 5 | ||
|
|||||||
Balance Sheet | |||||||
as at |
|||||||
Company Registration No. | 09511803 | ||||||
Notes | 2017 | 2016 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 |
|
- | ||||
Current assets | |||||||
Debtors | 4 |
|
- | ||||
Cash at bank and in hand |
|
|
|||||
|
|
||||||
Creditors: amounts falling due within one year | 5 | ( |
- | ||||
Net current assets |
|
|
|||||
Net assets |
|
|
|||||
Capital and reserves | |||||||
Called up share capital |
|
|
|||||
Profit and loss account | 7 |
|
- | ||||
Shareholder's funds |
|
|
|||||
|
|||||||
|
|||||||
|
|||||||
|
|||||||
………………………………….. | |||||||
Jake Coffey | |||||||
Director | |||||||
Approved by the board on |
|||||||
|
||||||||
NOTES TO THE FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2017 | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below. |
||||||||
Turnover | ||||||||
|
||||||||
Tangible fixed assets | ||||||||
|
||||||||
Fixtures, fittings and equipment | 20% straight line | |||||||
Financial instruments | ||||||||
The company only enters into basic financial statements transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial instruments are recognised in the company's balance sheet date when the company becomes party to the contractual provisions of the instruments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective of impairments found, an impairment loss is recognised in profit and loss accounts. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
||||||||
Debtors | ||||||||
|
||||||||
Cash and cash equivalents | ||||||||
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with financial institutions, and other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. | ||||||||
Creditors | ||||||||
|
||||||||
Current tax | ||||||||
The current tax payable is based on taxable profit for the year. Taxable profit differs from net profit reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. | ||||||||
Provisions | ||||||||
|
||||||||
Foreign currency translation | ||||||||
|
||||||||
2 | Employees | 2017 | 2016 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
|
|
||||||
3 | Tangible fixed assets | |||||||
Fixtures, fittings and equipment | ||||||||
£ | ||||||||
Cost | ||||||||
Additions |
|
|||||||
At 31 March 2017 |
|
|||||||
Depreciation | ||||||||
Charge for the year |
|
|||||||
At 31 March 2017 |
|
|||||||
Net book value | ||||||||
At 31 March 2017 |
|
|||||||
4 | Debtors | 2017 | 2016 | |||||
£ | £ | |||||||
Trade debtors |
|
- | ||||||
5 | Creditors: amounts falling due within one year | 2017 | 2016 | |||||
£ | £ | |||||||
Corporation tax |
|
- | ||||||
Director's account | 489 | - | ||||||
Other creditors |
|
- | ||||||
|
- | |||||||
6 | Ultimate controlling party | |||||||
|
||||||||
7 | Profit and loss account | |||||||
Profit and loss account represents movement of profit and loss during the year and dividends paid. | ||||||||
8 | Other information | |||||||
Coffeyhouse Media Ltd is a private company limited by shares and incorporated in England and Wales. The registered office is: 37 Warren Street, London, W1T 6AD. | ||||||||
9 | Transition to FRS 102 | |||||||
This is the first year that the company has presented its results under FRS 102. The last financial statements under UK GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015. There are no transitional adjustments arising from the first time adoption of FRS 102. |